Freedom
Tax Prep Checklist
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Tax Prep Checklist We’ve put together this Tax Prep Checklist to help you be ready and well organized before you start preparing your taxes for filing. Whether you see a tax professional or prepare your taxes on your own, this checklist will help get the documents and forms ready to […]
All You Need to Know About Estimated Tax Payments
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For estimated tax purposes, the year is divided into four payment periods. Each period has a specific payment due date. If you don’t pay enough tax by the due date of each payment period, you may be charged a penalty even if you’re due a refund when you file your income tax return at the…
COVID19 Stimulus FAQ
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COVID19 Stimulus Package FAQ President Donald Trump signed a $2.2trillion economic stimulus package into law Friday, after abipartisan action by Congress to support businesses, health care providers andstruggling families during the coronavirus epidemic. The President thanked members ofcongress for reaching an agreement. “This will deliver urgently needed relief,”said Trump as […]
Getting Through Harsh Times
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Getting Through Harsh Times Our country is going through an unprecedented health, social and econimic crisis. The scope of the problem extends beyond our borders to the rest of the entire world. People´s life have been affected in every aspect, and the end to the crisis doesn´t seen to be […]
Home Office Expense
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Home Office Expenses If you work for yourself and have a home office, you may be able to deduct part of your mortgage or rent and other home costs. But not every home office qualifies for this deduction. Home Office Deduction Checklist These are the criteria you must meet in […]
What’s Taxable
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How to Know What’s Taxable Most people are familiar with income taxes, since we’re all required to file tax returns every year. However, that’s just part of the of a bigger picture. Certain taxes are automatically deducted from your wages when you get paid or when you buy something either […]
EIC & ACTC Refund Timing
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E-File with Direct Deposit: Less than 3 weeks E-File with Direct Deposit and with EITC / ACTC: 3-4 Weeks E-File with Check: 4 Weeks Declarations by mail with Direct Deposit: 3-4 Weeks Declarations by mail with Direct Deposit and with EITC / ACTC: 4-6 Weeks Declarations by mail […]
Update Your W-4 After a Life Change
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Life-changing events can also change your tax liability. While you may have other things on your mind after marriage or the birth of a child, a quick check of your W-4 can help you avoid an unwelcome surprise when you calculate your taxes. Your W-4 form tells your employer how […]
Keeping Your Tax Docs Organized
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Keeping Your Tax Docs Organized It is time to file your tax return, and you find yourself in a mess trying to organize the past 12 months of your life an hour before your tax appointment. If you need to itemize your deductions, you’ll be tracking down receipts, digging up […]
TCJA changes for 2019
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What’s new in 2019 for the Tax Cuts and Jobs Act In 2017 the Tax Cuts and Jobs Act (TCJA) was enacted, producing the biggest tax law changes in the last 30 years. For taxpayers preparing their 2019 tax return, it will help understanding the changes from the Tax Cuts […]